SB 1362: DREAM grant program.
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-02-20
Current Status:
In Progress
(2026-03-04: Referred to Com. on RLS.)
Introduced
In Committee
Awaiting First Chamber Vote
Passed First Chamber
In Committee
Awaiting Second Chamber Vote
Passed Second Chamber
Enacted
What does this bill do?
This bill makes a minor wording change to the law governing the California DREAM grant program, affecting grant-eligible students at participating University of California and California State University campuses and those campuses' financial aid offices. It reiterates that institutions may award DREAM grants from unawarded funds in their DREAM revolving fund, that grants cannot exceed a student’s financial need, that campuses decide grant amounts and give priority to instructional programs, and that these grants do not count toward student loan limits.
The summary is provided by generative AI which can make mistakes. For original language, please view the details in the table below.
Existing law establishes the California DREAM Loan Program, which provides a student attending a participating campus of the University of California or California State University with a loan, referred to as a DREAM loan, if the student satisfies specified requirements. Existing law also authorizes participating institutions to award DREAM grants to grant-eligible students, as defined, if the institution has unawarded funds in the institutions DREAM revolving fund, as specified.
This bill would make a nonsubstantive change to the provision establishing the DREAM grant program.
(a)It is the intent of the Legislature to establish the DREAM grant program.
(b)Commencing with the 202425 academic year, a grant-eligible student attending a participating institution may receive a DREAM grant pursuant to this section.
(c)Each participating institution may award DREAM grants to grant-eligible students if that the participating institution has unawarded funds in the institutions DREAM revolving fund that were new state, institutional matching, or loan repayment funds deposited during the previous academic year pursuant to Section 70035.
(d)DREAM grants shall be provided during the academic year immediately following the academic year in which there was an unawarded DREAM revolving fund balance.
(e)In a given academic year, a DREAM grant shall not exceed a students financial need.
(f)The amount of a DREAM grant offered to an individual student by a participating institution shall be determined by the institution. Priority shall be given to DREAM grants for instructional programs.
(g)A DREAM grant awarded pursuant to this section shall not count towards the annual and aggregate borrowing limits described in subdivision (a) of Section 70034.
|
Date
|
Status
|
|---|---|
| Mar 4, 2026 | Referred to Com. on RLS. |
| Feb 23, 2026 | From printer. May be acted upon on or after March 23. |
| Feb 23, 2026 | Read first time. |
| Feb 20, 2026 | Introduced. To Com. on RLS. for assignment. To print. |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
Bill Author
Bill Co-Author(s):